red24 recommends iJET's 26p/share offer

red24 has recommended an all-cash acquisition under which iJET will acquire the entire issued and to be issued ordinary share capital of the company.

Shareholders in red24 will receive 26p a share, a price that value the company's issued capital at about £13.1m.

At 4:08pm: (LON:REDT) Red24 PLC share price was +1.75p at 24.75p